Why Car Subscription Services are So Popular Today

Buying a car is not only a major personal decision but a financial one as well. The upfront cost isn’t the only thing that you need to consider as a owning a car also involves a decent amount of expenses in running and maintenance costs. So, as the demands for personal mobility increase, car subscription services have come up as an unlikely hero for people who are not yet ready for the sizeable expenditure of buying a new or even used car.

You can look around for the best car subscription service and solve your mobility and commute issues in an easy and efficient manner.

What are Car Subscription Services?

As technology advances, it seems today like you can find a subscription service for almost everything, be it your favorite OTT platform, music application, e-book app, or even a car. Car subscription services are one of the latest trends that have taken the Indian automobile sector by storm. Whether it is a budget, premium, or luxury car, subscription services have forever changed the meaning of owning a car. All you have to do is find the best car subscription service, choose a car, and pay an all-inclusive monthly fee. There are no hassles of maintenance, road tax payments, buying car insurance, etc. when you subscribe for a car! You can simply opt out of the subscription service when you longer need the car.

How Subscription Services are Different from Leasing

It is easy to confuse a subscription service with leasing a car, but the two services are quite different from each other. The main difference is that when you subscribe for a car, there is no limit or cap on the total kilometers for which the car can be driven in a month.

The Benefits Offered by Car Subscription Services

Here are the main advantages of opting for a car subscription service:

Cost-Effective

You do not have to pay any down-payment, monthly EMI, insurance charges, road tax, or maintenance costs. All you are required to pay is an all-inclusive monthly fee to bring your dream car home.

Convenience

You do not have to go through long processes and documentation for purchasing a car or for applying for a car loan. Car subscription services involve minimal documentation and take almost no time.

Flexibility

There are a number of options in cars you can subscribe, so you can choose according to your preferences. Subscription services also come with different tenure options, after which, you can even get a completely different car.

No Resale Hassles

Every car has a lifecycle and after a certain point of time, you have to sell it, which can be a tedious task at times. But things are different when you subscribe for a car. When your subscription plan comes to an end, you can either return the car, opt for an extension, upgrade your subscription for a higher model car, or simply switch and take home a different car.

How Car Subscription Services Work

To bring home your dream car, all you need to do is choose the car you want to subscribe for and pay the monthly fee. Subscription plans come with flexible tenure options and you can choose a period of 24 months, 36 months, 48 months, etc. Generally, there are two types of number plates that you can apply for under a subscription scheme. You get a white number plate when the car is registered in the customer’s name and hypothecated to the subscription service provider, and a black number plate when the car is registered in the service provider’s name.

Undoubtedly, car subscription services are a hassle-free mobility solution and a popular trend that is here to stay. They give you the freedom and flexibility to drive your favourite car, without having to buy it!